Ola Electric Invests ₹127.64 Crore in Battery Manufacturing Unit to Enhance Production Capabilities 1 day ago Yesterday
Ola Electric has invested ₹127.64 crore into its battery manufacturing unit to enhance cell production capabilities. This strategic investment aims to strengthen the company's vertical integration in the electric vehicle ecosystem and boost manufacturing growth. The funding represents a significant step toward expanding battery production infrastructure and improving the company's position in the electric mobility market.
Aluminium Price Surge Creates Margin Pressure for Electric Two-Wheeler Manufacturers
Rising aluminium prices are creating significant margin pressure for electric two-wheeler manufacturers as supply outlook remains uncertain. Major industry players including Ola Electric Mobility, Bajaj Auto, and TVS Motor are facing ongoing cost pressures that could impact their profitability in the current market environment.